Answer:
The correct answer is Option (A) Homeowners expect housing prices to increase in the future
Explanation:
Existing home sales decline was attributed to reduction in the supply of existing homes. The owners of existing homes would not sell their property only if they believe that home prices will increase in the future. Therefore, they can sell the property at a higher price later.
Had homeowners believed that home prices will decline in the future, the owners would have put-up existing houses for sale so that they get a better price now than wait to see the price decline.
The answer to your question is Foreclosure. I'm in real estate so I know its correct.
Answer:
The Summons.
Explanation:
A summons is a legally binding document provided for different purposes by a judge or by a law administrative agency.
- A judicial order shall be made to an individual who is interested in legal action. Civil action against the individual may be underway, or the presence of the person as a victim may be allowed.
- The summons specifies a date through which the person or organization called must either show up in court or address the court or even the opposition candidate or parties in response.
Answer:
The correct option is c. $8.
Explanation:
Ken will maximize utility where the following equation holds:
MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips ................. (1)
Where;
MU of Sprite = Marginal utility of Sprite = 3
Price of Sprite = $1 per can
From the table in the question, equation (1) holds at the point where Marginal utility of potato chips is 6 since the Potato chips cost $2 per bag.
Substituting the values into equation (1), we have:
MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips => 3 / 1 = 6 / 2 = 3
Since when the marginal utility of potato chips that maximizes utility is 6, Ken consumes 4 Bags of Potato chips monthly and pays $2 per bag at this point, the amount he spends on potato chips each month can be calculated as follows:
Amount spent on potato monthly = Number of bags of Potato chips consumed monthly * Cost of potato chips per bag = 4 * $2 = $8
Therefore, the correct option is c. $8.